Obama Administration Report Confirms Democrat Health Law Increases Health Care Spending

From the House Republican Committee on Ways and Means comes this report: "Obama Administration Report Confirms Democrat Health Law Increases Health Care Spending."

Here are some of the ways in which those costs will increase:

Health Care Costs Increase:  “national health expenditures under the health reform act would increase by a total of $311 billion (0.9 percent) during calendar years 2010-2019.” [Page 4]  The actuaries found the law bends the cost curve up by a greater degree than either the House or Senate-passed legislation, despite the Administration's claim that slowing national health spending was the "single most important" reason to overhaul the health system.
      
Over One-Half Trillion in Medicare Cuts: The Medicare actuaries found that the new health law cuts “$575 billion” [Page 4] from Medicare.

Seniors’ Access to Care Jeopardized: As a result of the cuts to Medicare, the actuaries found, “absent legislative intervention, [providers] might end their participation in the program (possibly jeopardizing access to care for beneficiaries).” [Page 10]

Workers & Seniors Can’t Keep the Health Plan They Have and Like:
“We estimate that such actions would collectively reduce the number of people with employer-sponsored health coverage by about 14 million.” [Page 7]  Furthermore, 2 million Americans who currently have employer-provided health coverage will be dumped into Medicaid.  [Page 3]  Additionally, the actuaries predict millions of seniors will lose their Medicare plan because massive cuts to the program will result in, “about 50 percent” of seniors no longer being in a plan. [Page 11].

Read these and several more key items over at Ways and Means.